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Adam Rosenfeld & Ruiya Feng Sell Bel Air SFR For $36M

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SOLD
$36,000,000

California

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Single Family Residence28,000 SF
Sold 04/16/2021
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Property Image
SOLD

Adam Rosenfeld & Ruiya Feng Sell Bel Air SFR For $36M

627 Carcassonne Rd, Bel Air, Los Angeles, CA, USA

See Similar Deals
Single Family Residence28,000 SF
Sold 04/16/2021
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Summary

CALIFORNIA
Asset Type:Single Family Residence
Price Per Square Foot:$1,285
Total Square Footage:28,000 SF
Transaction Type:Sale

Located in the prestigious Bel Air market, the single-family residence at 627 Carcanssone Rd recently changed hands in a closed transaction. The property, spanning approximately 28,000 square feet, was sold for a significant amount of $36,000,000, translating to a price per square foot of $1,285. The deal took place on April 16, 2021, with Adam Rosenfeld and Ruiya Feng acting as the brokers representing the parties involved.

Summary of transaction details

  • Property Type: SFR
  • Transaction Amount: $36,000,000
  • Address: 627 Carcanssone Rd
  • Market: Bel Air
  • Brokers: Adam Rosenfeld - Ruiya Feng

Adam Rosenfeld and Ruiya Feng, from their respective agencies, played a pivotal role in facilitating the successful transaction. Their expertise and negotiation skills ensured a smooth deal for the involved parties. With their guidance, the seller and buyer were able to navigate the intricacies of the transaction, ultimately resulting in the sale of this remarkable property.

Players

Adam Rosenfeld
5 deals$105.3M volume(310) 595-5915
BROKER

Ruiya Feng
Westside Estate Agency
4 deals$69.6M volume
BROKER

Details

SOLD
IMAGE: Adam Rosenfeld & Ruiya Feng DATE: 04/16/2021 ADDRESS: 627 Carcanssone Rd MARKET: Bel Air ASSET TYPE: SFR BROKERS: Adam RosenfeldĀ @Adam.J.RosenfeldĀ & Ruiya FengĀ @RuiyaEstates SALE PRICE: $36,000,000 SF: 28,000 ~ PPSF: $1,285

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$1,920,000.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$127,900.40
Cash-on-Cash Return-1.27%
Monthly Debt Service$170,658.37
Annual Debt Service$2,047,900.40